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The World Economic Forum, colloquially called "Davos" after the location at which it's hosted in the Swiss mountains, is a yearly meeting of elites.

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President Donald Trump addresses the World Economic Forum in Davos, Switzerland, marking his first major appearance at an international event since returning to the White House earlier this week.

Come make your product in America, and we will give you among the lowest taxes of any nation on Earth," said President Trump.